1. For most products, higher prices result in a decreased demand, whereas lower prices result in an increased demand. Let

d = annual demand for a product in units
p = price per unit

Assume that firm accepts the following price-demand relationship as being realistic:d = 800 – 10pwhere p must be between $ 20 and $70. a. How many units can the firm sell at the $ 20 per-unit price? At the $ 70 per-unit price? b. Show the mathematical model for the total revenue (TR), which is the annual demand multiplied by the unit price. c. Based on other considerations, the firm’s management will only consider price alternative that will maximize the total revenue. d. What are the expected annual demand and the total revenue according to your recommended price? Information to solution:

d=800-10pTR = (800 -10p)p

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2. The O’Neill Shoe Manufacturing Company will produce a special –style shoe if the order size is large enough to provide a reasonable profit. For each special-style order, the company incurs a fixed cost of $1000 for the production setup. The variable cost is $ 30 per pair, and each pair sells for $ 40. a. Let x indicate the number of pairs of shoes produced. Develop a mathematical model for the total cost of producing x pairs of shoes. b. Let P indicate the total profit. Develop a mathematical model for the total profit realized from an order for x pairs of shoes. c. What is the breakeven point?

Information to solution:

FC = $1000VC per pair = $ 30

C = FC + VC = 1000 + 30x

R= 40x

П = TR –TC = 40x – (1000 + 30x) = 10x – 1000

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3. Micro media offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting....

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...﻿ACL 9
Tutorial1Solution
COMMANDS:
ANALYZE -> TOTAL
ANALYZE -> PROFILE
ANALYZE -> STATISTICS
SAMPLING -> SAMPLE
ANALYZE -> SEQUENCE
DATA -> SORT
ANALYZE -> DUPLICATES
ANALYZE -> GAPS
AP_TRANS
1. Using the TOTAL command, develop a hash control total and an amount control total for AP-TRANS.
What recommendation would you make to develop a field for hash control total?
Answer:
TOTAL command: Invoice Amount plus one of the other number fields.
The total of Invoice_Amount is: $278,641.33
The total of Quantity is: 37,107
The total of Unit_Cost is: 1,522.29
I recommend changing Invoice Number to a number field (vs. string) if possible.
2. Run PROFILE on the file, Invoice Amount.
Can you determine if there are any negative transactions? Explain.
Answer:
There are none because total = absolute total ($278,641.33)
3. Run STATISTICS on each of the four available fields with the Std Dev box checked.
Describe your audit direction to specific invoices based on the results of STATISTICS.
Answer:
The statistics on Invoice_Amount reveal the following data of interest to the auditor:
As of: 08/25/2013 12:23:54
Produced with ACL by: Lehigh University
Command: STATISTICS ON Invoice_Amount STD TO SCREEN NUMBER 5
Table: Ap_Trans.
Invoice Amount
Number
Total
Average
Range
-
56,752.32
-
Positive
102
278,641.33
2,731.78
Negative
0...

...ACCY111
TUTORIAL1Solutions
John Wiley & Sons Australia, Ltd 2012
Page 1 of 19
CHAPTER 1
DECISION MAKING AND THE ROLE OF THE ACCOUNTANT
Exercise 1.1
Information for decisions
ASHLEY BUTLER
Ashley Butler, as the accounts supervisor, should obtain information about the account applicant
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account, the following would be required:
Information requested
1. Customer’s business name, address and
contact details
Type of information (economic / other)
Other – details ensure business exists and
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2. Years customer has been in this business
Other – establishes track record and history
3. Total assets and estimates of values of
assets in the business
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business
4. Total liabilities (total commitments)
Economic – establishes how much the
business currently owes others to assess the
extent of claims against assets
5. Profits of the business for the most recent
and previous periods
Economic – used to assess whether the
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...favorable , given the previous condition that the transfer pricing policy made ​​many complaints by consumer product division , such as the cost of production inefficiencies that should be the responsibility of the milling division instead become a burden products division consumers , are also subject to deduction of 75% investment by milling division when this division does not include additional new equipment , inventory levels , and others - others . Another impact because there is no limitation will affect the performance of the two divisions in the company because there is still inequality and complaints - complaints that occur mainly the issue of cost - the cost of the underlying transfer pricing between divisions .
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QUESTIONS
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Answer: The forward market involves contracting today for the future purchase or sale of foreign
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premium) or lower (at a discount) than the spot price.
PROBLEMS
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Spot
1.3431-1.3436
One-Month
1.3432-1.3442
Three-Month
1.3448-1.3463
Six-Month
1.3488-1.3508
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One-Month
01-06
Three-Month
17-27
Six-Month
57-72
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f
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SOLUTION GUIDE
Question 1
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and total output per painter-hour as follows:
No. of rollers
Output by team
0
1
2
3
4
280
400
500
600
600
Output per
painter-hour
280/3 = 93.3
400/3 = 133.3
500/3 = 167.7
600/3...

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